Common use of Surrender of Debentures Clause in Contracts

Surrender of Debentures. Upon any redemption of this Debenture or upon maturity, the Holder shall either deliver this Debenture by hand to the Company at its principal executive offices or surrender the same to the Company at such address by nationally recognized overnight courier. Payment of the redemption price or the amount due on maturity shall be made by the Company to the Holder against receipt of this Debenture (unless converted and paid in common stock) by wire transfer of immediately available funds to such account(s) as the Holder shall specify by written notice to the Company (if the Company has not elected to pay this debenture with shares of its Common Stock.

Appears in 10 contracts

Samples: Convertible Debenture (Silverstar Mining Corp.), Convertible Debenture (Silverstar Mining Corp.), Convertible Debenture (Silverstar Mining Corp.)

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